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COMPANY PROFILE

Iberdrola, the utility of the future

The group has undergone a major transformation over the last 15 years, staying clearly ahead of the energy transition in order to tackle the challenges posed by climate change and the need for clean electricity.

AN INTERNATIONAL ENERGY LEADER

With a history of over 170 years, today we are an international leader committed to low-emission energies:it produces and supplies electricity to more than 100 million people in the countries in which it operates.

As a result of our commitment to the environment and pledge to the decarbonisation of the economy, we stand out as the leading renewable energy company and we have managed to reduce our emissions in Europe by 75% since 2000, reaching levels that are 70% below the average figures of the European companies in the sector.

We concentrate our presence in the following countries and geographical areas, in which we are the leading energy utility and a benchmark, thanks to our sustainable energy model:

Iberdrola, an international energy leader.

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Iberdrola is today an international energy leader with presence in the following countries and geographical areas:

In the Eurozone, the company is present in Spain, Portugal, France and Germany, after consolidating its position as the leading wind energy producer. After reducing its emissions by 75% in Europe since 2000, on average, the emissions of the Iberdrola Group are currently 70% less than those of its competitors. The company operates through Iberdrola España, a subholding company, and its parent companies of the Renewables, Electricity distribution and Generation businesses.

In the United Kingdom, the company is present through ScottishPower, a subholding company, and its parent companies of the Renewables, Networks and Generation businesses. Iberdrola is the largest wind energy producer and leading distribution and transmission network company in Scotland, Wales and England.

In the US, the company is present through Avangrid, a subholding company listed in the stock exchange — in which Iberdrola, S.A. holds an 81.5% stake — and its parent companies of the Renewables and Networks businesses. Iberdrola is the third largest wind power producer, distributing gas and electricity in the states of New York, Maine, Connecticut and Massachusetts through eight regulated companies.

In Mexico, the company is present through Iberdrola Mexico, a subholding company, and its parent companies of the Renewables and Generation businesses. Iberdrola is the largest private electricity producer of the Mexican market.

In Brazil, Iberdrola has managed to be present through Neoenergia, a subholding company — in which Iberdrola, S.A. holds an 52.45% stake —, the leading energy company in Latin America.

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Iberdrola, the utility of the future.

OUR STRATEGIC PILLARS

Current trends in the energy sector — decarbonisation and electrification of the economy, technological progress and increased customer connectivity — reinforce the focus of our three global businesses: networks, renewables and wholesale and retail, and they are all focused on the customer.

WE ARE THEUTILITY OF THE FUTURE

LAYING THE FOUNDATIONSFOR GROWTH OVERTHE NEXT DECADE

The Iberdrola group will invest 32,000 million euros during 2018-2022, laying the foundations for sustainable growth over the next decade. The company accelerates the creation of value with five strategic pillars:

The Iberdrola group's investments in its innovation and digital transformation program will top 1,000 million euros between 2018 and 2022, and a new Global Information Technology (IT) Security Plan and Cybersecurity. Our digital transformation pillars are: